Real Estate Investing in Palm Coast, Florida (32137)
Should you buy in 32137 (Palm Coast, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.0% of homes vacant — above national norms.
What’s happening in Palm Coast, FL (32137)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32137 Palm Coast
Not every below-median market is a bargain. Palm Coast's 32137 ZIP reflects signals that favor experienced operators who can absorb the risk $384K pricing implies.
In practical terms, the numbers look inviting — $384K purchase price, 0.0% nominal cap — the work to hit that pro forma in 32137 is substantial and deserves full respect.
Statewide comparisons place 32137 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Put differently, 47,003 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 32137 is an operator game, not a passive one. Stepping back, entry prices of $384K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Palm Coast:
Property Strategy for 32137
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $234,309 | $1,520 | 4.7% | +8.0% | $234,309 |
| 2BR | $261,755 | $1,920 | 5.3% | +6.0% | $130,878 |
| 3BR | $369,759 | $2,620 | 5.1% | +6.2% | $123,253 |
| 4BR | $433,239 | $2,970 | 4.9% | +6.5% | $108,310 |
| 5BR | $609,111 | — | — | +7.9% | $121,822 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32137 Compare?
| Metric | 32137 | Palm Coast | Deltona-Daytona Beach-Ormond Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $383,628 | $176,752 | N/A | $374,697 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 7.4% |
| Avg Rent | $2,011 | $1,966 | N/A | - |
| Cap Rate | 4.1% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32137 (Palm Coast, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 32137 (Palm Coast, FL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $383,628 |
| Monthly Rent | $2,011 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | -2.6% ▼ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | -1.6% ▼ |
| 3-Year CAGR | 0.0% ▼ |
| 5-Year CAGR | +4.8% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 32137
Population: 47,003
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 32137
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is the tenant base reliable in Palm Coast, FL?
Tenant demand in Palm Coast, FL is solid. The local workforce $2,011/mo rents across most rental classes.
What is the rental occupancy rate in Palm Coast, FL?
Occupancy in Palm Coast, FL runs steady with elevated vacancy. Well-priced units at $2,011/mo lease on reasonable timelines.
Are homes affordable in Palm Coast, FL?
Palm Coast, FL home values average about $384K. That price point suits investors targeting rentals with $2,011/mo in monthly income.
Is Palm Coast, FL a friendly market for rental owners?
Palm Coast, FL falls under FL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How does Palm Coast, FL rate as a rental market?
Palm Coast, FL scores 3.0/5 for investability. Home values sit at $384K and rents near $2,011/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
See what 32137 really looks like for investors
You're reading the free snapshot. Unlock appreciation trends, cap rates, vacancy signals, Section 8 data, and full demographics for 32137.
AI Market Advisor
Ask questions about investing in 32137 (Palm Coast)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 32137 (Palm Coast, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.